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At least 45, or more than half of China’s largest cities, have experienced or are currently undergoing lockdowns since Omicron began to spread in China. The responses of city governments to local outbreaks have varied from localized building or district-level lockdowns, to shuttering the whole city.
As Beijing has doubled down repeatedly on its Zero-Covid policy, businesses should resign themselves to potentially disruptive lockdowns for the foreseeable future – potentially until Spring 2023.
Whether companies are based in a city that has not yet experienced a local outbreak or are currently in the midst of one, they must consider their business strategy and adapt to the challenge of short-term uncertainty. It is best to have contingencies in place for labor, supply and cash flow in the event of local prevention measures.
In this webinar, Kyle Freeman, Partner at Dezan Shira & Associates, discusses China’s Zero-COVID policy, the lockdown situation in China, and its implications for businesses.
- China’s Zero-COVID policy and outlook for reopening
- Current state of lockdowns and COVID restrictions
- Economic impact of recent lockdowns
- Legal compliance issues (e.g. HR, operations, business contracts, etc.) and incentive policies for affected businesses
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